Collaboration Partners
Doosan Babcock is a multi-specialist energy services company operating in the thermal power, nuclear, petrochemical, oil & gas and pharmaceutical industries. Doosan Babcock is also a leading international steam generation OEM and supplier of the cleanest, most efficient coal powered technology in the world. It provides innovative technology that supports and enhances the service life of energy assets across the globe. The Company has developed cutting edge technologies to improve plant performance, reduce emissions and ensure safe and efficient plant operation.
Doosan Babcock is one of the world's leading suppliers of supercritical "clean coal" power plant technology, a technology that can improve power plant efficiency and reduce total emissions output by up to 20 percent compared to existing power plant technology. It is this expertise combined with Clean Power Technologies Inc.'s intellectual property which is applied to enhance the thermal efficiency and effectiveness of power generation for all forms of transport by hybridisation, from the light car, through the heavy truck to railway locomotives.
Doosan Babcock provides technologies and services to power, nuclear, petrochemical, pharmaceutical, oil and gas industries worldwide. With over 100 years of experience in thermal process and energy engineering Doosan Babcock is one of the world's leading companies in its field. Doosan Babcock's range of products includes utility and industrial boilers, emission control systems, asset maintenance and improvement services, nuclear clean up and decommissioning services and related technologies.
Globally headquartered in the UK, Doosan Babcock employs around 4,000 personnel at more than 150 locations wotldwide. It turnover in fiscal 2006/07 was over £410 million). The company is a wholly owned subsidiary of one of Korea's largest engineering companies, Doosan Corporation. The Company recruits the right people with the necessary specialist knowledge and skills to deliver successful partnerships in a highly complex field.
Over 40 years ago, Doosan Babcock recognized the benefits of supercritical steam and created the technology to make it possible. Ever since they have been providing highly efficient ways of generating steam from a variety of fuels and have applied this expertise to coal fired power generation in particular. The Company has developed a number of solutions for the coal fired power generation market that allow production of steam power reliably, safely and efficiently both for the user and the environment
Innovation, determination and commercial aptitude have made Doosan Babcock the leader in steam generating technologies for over a hundred years (since 1891). Today it is the last remaining steam generation OEM (original equipment manufacturer) in the United Kingdom.. By continuing to invest in people and the technology, the company intends to be the preferred supplier for our global customers for another hundred years.
Under the terms of the Collaboration Agreement between Clean Power Technologies Inc. and Doosan Babcock Limited, the parties have agreed as follows:
- the aim of the Collaboration Program is the development of a Steam Accumulator Technology and the process/technologies related to it. (First protype Steam accumulator has already been delivered)
- Doosan Babcock will provide all that is necessary or as reasonably requested by Clean Power, including scientists, engineers, experts and other personnel, facilities, equipment and materials, under the Collaboration Program to develop the Steam Accumulator Technology with Clean Power.
- Doosan Babcock will commit funds up to US$400,000 (approximately £200,000 pounds) toward the Development Costs of the Steam Accumulator Technology under the Collaboration Program
- Doosan Babcock has received 4,000,000 shares of Clean Power Technologies Inc.
- Doosan Babcock has appointed two directors to the Board of Clean Power Techonologies Inc. Currently Mr Richard Dennis, sits on the Board of Directors of Clean Power Technologies Inc and Mr Alastair Fraser on its Advisory Board.
- All technologies and Intellectual Properties that are developed by Doosan Babcock in connection with this Collaboration Program including the Steam Accumulator Hybrid Fuel Technology and which are patentable and/or patented, or otherwise are or may be protected, will at all times belong and be owed solely to Clean Power.